Ann: Conquest Abandons Proposed Bid for Priority One, page-46

I think you need to carefully look at the facts, not the story being sold here.

As CQA is a listed company all their information comes under scrutiny including audit, therefore I think you need to believe the ASX release issued by CQA.

I am also led to believe that a substantial portion of the $500k went back to P1. This should be apparent in the annual accounts and you may also wish to check when the AGM will be called so that you address your concerns directly to the CEO, Phil Pryor.